Marco Polo Apartments is a high-rise condo on Kapiolani Blvd near Waikiki, known for its wave-like design where several units boast canal views and some higher floor units great ocean views.
Units range from 436 sq ft studios to 3-bedroom penthouses up to 1,957 sq ft, predominantly fee simple with a few leasehold units left (lease ends 2041). A 2017 fire tragically claimed four lives - details are available on Wikipedia.
Marco Polo Apts is a condo with a mix of fee simple and leasehold units. Consequently, a performance graph specific to Marco Polo Apts may be less indicative of market trends. Therefore, the graph above depicts the fee simple performance of Kapiolani condos, offering a more meaningful representation of the surrounding market.
Kapiolani Market Summary (December '24 - November '25 vs December '23 - November '24)
Median Sales Price: $414,167 vs $420,000 — down 1.39%
Number of Sales: 168 vs 163 — up 3.07%
List-to-Sale Price Ratio: 98.61% vs 98.82% — down 0.21%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
